Federal Register Digest Archive
Farm Service Agency (FSA)
69 Fed. Reg. 76836 (December 23, 2004) (final rule) (to be codified at 7 CFR Part 784). This rule sets forth the regulations for the 2004 Ewe Lamb Replacement and Retention Payment Program. This program will assist producers of sheep and promote the replacement and retention of ewe lamb breeding stock by providing payments to producers who have recently reduced production and flock size due to low prices, and other market conditions.
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69 Fed. Reg. 75503 (December 17, 2004) (final rule)(to be codified at 7 C.F.R. Part1951). This notice announces the intent of the Farm Service Agency to request renewal of the information collection currently approved and used in support of the FSA Farm Loan Programs.
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69 Fed. Reg. 67298 (November 17, 2004) (notice). The Department of Agriculture will conduct a public meeting to solicit comments regarding the implementation of the assessment provisions of the Fair and Equitable Tobacco Reform Act of 2004.
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69 Fed. Reg. 65520 (November 15, 2004) (final rule) (to be codified at 7 C.F.R. Part 1955). This document corrects the final regulations published in the Federal Register on February 18, 2003, implementing certain provisions of the Farm Security and Rural Investment Act of 2002.
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69 Fed. Reg. 65517 (November 15, 2004) (final rule) (to be codified at 7 C.F.R. Part 1775, 1777, 1778, 1780, 1942, 3570, &4274). The Rural Housing Service, Rural Business-Cooperative Service, and the Rural Utilities Service, agencies delivering the United States Department of Agriculture's Rural Development housing, business, and utilities programs, amend their regulations to reflect the clarification of the definition of Statewide Nonmetropolitan Median Household Income, which shall be defined as "the median household income of the state's nonmetropolitan counties and portions of metropolitan counties outside of cities, towns or places of 50,000 or more population." This modification will enable Rural Development to more effectively serve communities across rural America.
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69 Fed. Reg. 64829 (November 9, 2004) (interim rule with request for comments). The Rural Business-Cooperative Service (RBS) revises its regulations to incorporate provisions outlined in the 2002 Farm Bill. The intended effect of this action is to expand eligibility for the Business and Industry Guaranteed Loan Program, provide for a simplified application form for loans of up to $600,000, and allow the Agency to require specialized appraisals on collateral.
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69 Fed. Reg. 56032 (September 17, 2004) (notice). This notice announces the intent of the Farm Service Agency to request an extension of a currently approved information collection used in support of the FSA Farm Loan Programs. This renewal does not involve any revisions to the program rules.
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69 Fed. Reg. 54260 (September 8, 2004) (notice). This notice announces the intent of the Farm Service Agency to request an extension of a currently approved information collection for a form used in support of the FSA Farm Loan Programs. This renewal does not involve any revisions to the program rules.
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69 Fed. Reg. 54049 (September 7, 2004) (proposed rule) (to be codified at 7 C.F.R. Part 784). This proposed rule invites comments on a new program, the 2004 Ewe Lamb Replacement and Retention Payment Program, as authorized by clause (3) of section 32 of the Act of August 24, 1935, as amended. The proposed program will assist producers of sheep and lambs by providing up to $18 million total, in direct cash payments, to encourage the replacement and retention of ewe lamb breeding stock during the one-year period from August 1, 2003, through July 31, 2004. This action is designed to provide immediate financial assistance to sheep and lamb producers who have recently experienced reduced production and flock size, low prices and poor market conditions.
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69 Fed. Reg. 44576 (July 27, 2004) (final rule) (to be codified at 7 C.F.R. Part 762). The Farm Service Agency (FSA) is amending its regulations governing servicing of loans made under the guaranteed farm loan program. This rule will allow loans to be rescheduled with balloon payments under certain circumstances and allow the approval of certain low-risk subordinations at the field office level instead of the National Office. It will also allow lenders to make debt installment payments in accordance with lien priorities, payment due dates, and clarify that packager and consultant fees for servicing of guaranteed loans are not covered by the guarantee.
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69 Fed. Reg. 30997 (June 2, 2004) (final rule) (to be codified at 1910, 1941, and 1965). This rule amends the Farm Service Agency's (FSA) regulations governing real estate and chattel appraisals. In loan making, the rule allows FSA to obtain appraisals after loan funds become available and the applicant is determined eligible. Also, the rule increases the dollar threshold that determines when a real estate appraisal is required. In loan servicing, the rule raises the dollar threshold for real estate appraisals in partial release situations and allows the FSA in some cases to release real estate security without appraising the retained real estate. These changes will reduce FSA's appraisal costs and enhance the timeliness of program delivery of certain loan making and servicing actions.
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69 Fed. Reg. 29686 (May 25, 2004) (notice). This notice announces the availability of $12,500,000 for the Tree Assistance Program to compensate tree-fruit growers in disaster counties in California who had fruit tree losses as a result of the 2003 wild fires that occurred in southern California.
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69 Fed. Reg. 26804 (May 11, 2004) (notice). The Farm Service Agency (FSA) and the Department of Interior's U.S. Geological Survey are hosting a national conference on the future of the Conservation Reserve Program (CRP)—nation's largest conservation program.
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69 Fed. Reg. 25538 (May 7, 2004) (notice). This notice announces the intention of the Farm Service Agency to request a revision and extension of an information collection currently used in support of the Farm Service Agency Aerial Photography Program. The FSA Aerial Photography Field Office uses the information from this form to collect the customer and photography information needed to produce and ship the various products ordered.
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69 Fed. Reg. 24537 (May 4, 2004) (proposed rule) (to be codified at 7 C.F.R. Part 762). The Farm Service Agency proposes to revise its regulations governing guaranteed loans to allow lenders to use guaranteed loans as security for loans to the lenders. The Agency also proposes to remove certain unnecessary documentation and security requirements, correct errors, and clarify its procedures for applying for, making, and servicing FSA guaranteed loans.
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69 Fed. Reg. 23418 (April 29, 2004) (final rule) (to be codified at 7 C.F.R. Parts 1951 and 4284). This final rule implements new regulations for Value-Added producer grants and a new demonstration program whereby agriculture innovation centers provide technical and other assistance to agricultural producers to help them establish businesses that produce and sell Value-Added agricultural commodities or products.
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69 Fed. Reg. 22377 (April 26, 2004) (final rule) (to be codified at 7 C.F.R. Part 701). This document corrects the final rule document published March 4, 2004 (69 FR 10299), which set out regulations for the Emergency Conservation Program and also provided for resolving matters related to other programs that have been administered under the same part. This document removes erroneous language that could be misleading.
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69 Fed. Reg. 22485 (April 26, 2004) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the extension and revision of a currently approved information collection associated with the Tobacco Marketing Quota and Price Support program.
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69 Fed. Reg. 21497 (April 21, 2004) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the revision and extension of currently approved information collection that supports the Direct Loan Program. The collection of information from loan applicants and commercial lenders is used to determine eligibility and financial feasibility when the applicant requests direct loan assistance.
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69 Fed. Reg. 21081 (April 20, 2004) (notice). This notice announces the intention of the Farm Service Agency (FSA) to request a revision and extension of an information collection currently in effect with respect to the Total Quality Systems Audit (TQSA) program. This information collection allows FSA to determine compliance with the TQSA standards. The TQSA program was implemented to ensure that FSA commodity purchases meet customer requirements and needs. Suppliers of commodities covered by the TQSA program have had to meet quality control and food safety standards to assure the quality of the end product being purchased by FSA.
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69 Fed. Reg. 20853 (April 19, 2004) (notice). The Farm Service Agency announces the availability of the Draft Environmental Assessment and Draft Finding of No Significant Impact for the Regulatory Streamlining of FSA's Direct Farm Loan Programs regulations for public review and comment.
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69 Fed. Reg. 20834 (April 19, 2004) (proposed rule) (to be codified at 7 C.F.R. Parts 761, 762, 763, 764, 765, 766, 767, 768, and 769). The Farm Service Agency (FSA) is reopening and extending the comment period for the proposed rulemaking, Regulatory Streamlining of the Farm Service Agency's Direct Farm Loan Programs. The original comment period for the proposed rule closed on April 9, 2004, and FSA is reopening and extending it for 15 days from the date of this notice.
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69 Fed. Reg. 20589 (April 16, 2004) (notice). This notice announces the intent of the Farm Service Agency (FSA) to request an extension and revision of the Office of Management and Budget's approval of the information collection which supports the FSA, Farm Loan Programs loan making and servicing applications. This renewal does not involve any revisions to the program regulations.
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69 Fed. Reg. 20589 (April 16, 2004) (notice). This notice announces the availability of $5,000,000 to provide assistance under the Tree Assistance Program to compensate tree-fruit growers in a federally-declared disaster area in the State of New York who suffered tree losses in 2003 as the result of an April 4-6, 2003, ice storm.
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69 Fed. Reg. 18471 (April 8, 2004) (final rule) (to be codified at 7 C.F.R. Part 772). This document corrects the final regulations published December 16, 2003, which consolidated servicing regulations for the Minor Loan Programs currently administered by the Farm Service Agency. This amendment corrects an editorial mistake relating to a regulatory reference.
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69 Fed. Reg. 13807 (March (notice). This notice announces the intent of the Farm Service Agency (FSA) to request an extension of currently approved information collection for a regulation used in support of the FSA Farm Loan Programs. This renewal does not involve any revisions to the program rules.
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69 Fed. Reg. 11584 (March 11, 2004) (notice). This notice announces the availability of $9,700,000 for the Tree Assistance Program to provide assistance to orchardists who had tree, vine or bush losses in Michigan due to fire blight that occurred since January 1, 2000.
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69 Fed. Reg. 11585 (March 11, 2004) (notice). The Farm Service Agency is issuing this notice to advise the public that meetings of the Advisory Committee on Beginning Farmers and Ranchers will be held to discuss various beginning farmer issues.
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69 Fed. Reg. 10299 (March 4, 2004) (final rule) (to be codified at 7 C.F.R. Part 701). This final rule adopts with revisions a proposed rule that set out regulations for the Emergency Conservation Program and also provides for resolving matters related to other programs that have been administered under the same part. The revisions made are essentially technical in nature.
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69 Fed. Reg. 10307 (March 4, 2004) (notice). This notice presents the Record of Decision regarding the changes made by the Farm Service Agency to improve and expand the Emergency Conservation Program to make the program easier to administer, reduce the potential for abuse, and make the program's cost-share rates consistent with other USDA programs.
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69 Fed. Reg. 9744 (March 2, 2004) (final rule) (to be codified at 7 C.F.R. Part 783). This rule provides for implementation, subject to the availability of funds, of the Tree Assistance Program authorized by the Farm Security and Rural Investment Act of 2002. The Tree Assistance Program provides assistance to eligible orchardists to replant trees, bushes and vines that were grown for the production of an annual crop and were lost due to a natural disaster.
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69 Fed. Reg. 8376 (February 24, 2004) (notice). This notice announces the subject agencies' intention to request an extension for a currently approved information collection in support of the programs for 7 C.F.R. Part 1956, subpart B, "Debt Settlement--Farmer Loan Programs and Multi-Family Housing."
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69 Fed. Reg. 7679 (February 19, 2004) (final rule) (to be codified at 7 C.F.R. Part 772). This document corrects the final regulations published December 16, 2003 (68 FR 69948), which consolidated servicing regulations for the Minor Loan Program currently administered by the Farm Service Agency. This amendment corrects an editorial mistake relating to a regulatory reference.
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69 Fed. Reg. 6055 (February 9, 2004) (proposed rule) (to be codified at 7 C.F.R. Parts 761, 762, et al.). The Farm Service Agency proposes to streamline regulations governing the direct Farm Loan Programs. The proposed regulatory action will enable FSA to accomplish several things, all of which are listed in this notice.
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69 Fed. Reg. 5263 (February 4, 2004) (final rule) (to be codified at 7 C.F.R. Part 1490). The Rural Business-Cooperative Service is amending the regulation to recognize a transition formula that will be used for allocating funds to State Offices. This action is needed due to the significant impact the use of the new 2000 U.S. Census data versus the 1990 U.S. Census data, used in previous years, will have on certain States' allocations.
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69 Fed. Reg. 5264 (February 4, 2004) (final rule) (to be codified at 7 C.F.R. Parts 1951, 1962, and 1965). The Farm Service Agency is amending its regulations to eliminate the 30-day past-due period prior to a determination that the borrower is delinquent and clarify the use of the terms "delinquent" and "past due" with regard to direct loan servicing and offset. Because the regulation only allows debt writedown after a borrower becomes delinquent, this change would allow Farm Loan Programs borrowers to receive debt writedown on the day after a missed payment, assuming all other primary loan servicing criteria are met, instead of waiting 31 days.
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69 Fed. Reg. 5259 (February 4, 2004) (final rule) (to be codified at 7 C.F.R. Part 762). This rule amends the Farm Service Agency's regulations for direct and guaranteed farm loans to implement provisions of the 2002 Farm Bill. Specifically, the rule provides that borrowers who are current on an FSA loan before the beginning date of the incidence period of a Presidentially-declared disaster or emergency, but who receive debt forgiveness on that loan following the disaster, are eligible for direct and guaranteed operating loan assistance if all other regulatory requirements are met. It also amends the regulations for direct farm ownership loans by making applicants eligible if they participated in the business operations of a farm or ranch for at least three of the past 10 years and meet other regulatory requirements. In addition, the rule amends regulations concerning reamortization of amortized Shared Appreciation Agreement recapture debt.
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69 Fed. Reg. 2999 (January 22, 2004) (final rule) (to be codified at 7 C.F.R. Part 1951). This action amends the regulations governing the servicing of Rural Business-Cooperative Service loan and grant programs by adding a section to clarify that any amounts paid by the Rural Business-Cooperative Service on account of the liabilities of a guaranteed loan borrower will constitute a Federal debt owing to it by the guaranteed loan borrower. The Rural Business-Cooperative Service may use all remedies available to it, including offset under the Debt Collection Improvement Act, to collect the debt from the borrower.
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68 Fed. Reg. 69954 (December 16, 2003) (final rule) (to be codified at 7 C.F.R. Part 1951). This document corrects a final rule published September 25, 2003, which provided disaster set-aside more quickly to those who can most benefit from the program. This document is necessary to correct an editorial mistake relating to the amount which may be set aside.
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68 Fed. Reg. 69948 (December 16, 2003) (final rule) (to be codified at 7 C.F.R. Parts 772, 1901, and 1951). This rule consolidates, clarifies and revises the servicing regulations for the Minor Programs currently administered by the Farm Service Agency, Farm Loan Programs. Minor Program loans involve existing loans only since there is no longer funding for new loans in these programs.
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68 Fed. Reg. 65871 (November 24, 2003) (notice). This notice announces the request for an extension for a currently approved information collection in support of the Real Estate Title Clearance and Loan Closing regulation.
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68 Fed. Reg. 62221 (November 3, 2003) (final rule) (to be codified at 7 C.F.R. Parts 762 and 764). This rule amends the Farm Service Agency's regulations for direct and guaranteed loan making requirements by revising loan eligibility requirements to conform with provisions of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. In addition, it amends the direct and guaranteed loan program regulations to implement statutory provisions of the Consolidated Farm and Rural Development Act.
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68 Fed. Reg. 61734 (October 30, 2003) (final rule) (to be codified at 7 C.F.R. Part 1910). This final rule makes corrections to the regulations implementing Low-Documentation Operating Loan, commonly referred to as "Lo-Doc."
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68 Fed. Reg. 61329 (October 28, 2003) (final rule) (to be codified at 7 CFR Parts 1902, 1930, 1942, 1944, 1948, 1951, 1955, 1956, 1962, 1965, 1980, and 2045). The Farm Service Agency, Rural Business-Cooperative Service, Rural Housing Service, and the Rural Utilities Service is revising its internal loan payment and collections regulations to replace the current regulations. This action is necessary since existing regulations are obsolete and do not accurately reflect the current payment and collections methodologies employed by the Agencies. The intended effect is to simplify and update the regulations; update internal control procedures for safeguarding collections; remove references to the Concentration Banking System procedures which were eliminated in November 1997; and to add procedures for new electronic payment methods that are currently in use by the Agencies. These amended regulations are to ensure the Agencies' field offices have current guidance on the payment and collection methods available and how to use them.
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68 Fed. Reg. 55299 (September 25, 2003) (final rule) (to be codified at 7 C.F.R. Part 1951). The Farm Service Agency is amending its regulations for the Disaster Set-Aside program to provide a disaster set-aside more quickly to those who can most benefit from the program. The changes also will reduce the Government's risk associated with the delay in debt collection by adding security requirements.
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68 Fed. Reg. 54200 (September 16, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the extension and revision of currently approved information used in support of the guaranteed Farm Loan Programs. The collection of information is intended to reduce paperwork burden on program participants and agency employees, make assistance available to more farmers, reduce the costs of the program, and enhance the fiscal integrity of the program.
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68 Fed. Reg. 53103 (September 9, 2003) (notice). This notice announces an official media system for all public notification of important amendments, notices, actions, issues, and activities regarding the United States Warehouse Act. This warehouse information will include the suspension or revocation of warehouse licenses, fees, draft, and final documents and other pertinent information that is of public interest.
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68 Fed. Reg. 52557 (September 4, 2003) (notice). This notice announces the availability of funding to implement the Beginning Farmer and Rancher Land Contract Guarantee Pilot Program as required by the Consolidated Farm and Rural Development Act, which directs the Secretary to establish a pilot program to provide guarantees of loans made by private sellers of a farm or ranch on a contract land sale basis to qualified beginning farmers or ranchers. This notice describes the eligibility and application requirements for the pilot program and the criteria that the Farm Service Agency will consider in evaluating requests for guarantees under the program. The notice also describes actions that Farm Service Agency will take if a buyer fails to pay on the contract.
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68 Fed. Reg. 50744 (August 22, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and organizations on the collection of information for a Minority Farm Register, which is a voluntary register of minority farm or ranch operators, landowners, tenants and others with farming or reaching interest. The Minority Farm register will provide a listing to be used by USDA's Office of Outreach and other minority outreach organizations to better serve minority farmers and help abate the decline of minority farmers throughout the country.
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68 Fed. Reg. 50744 (August 22, 2003) (notice). This notice announces the intent of the Farm Service Agency to request an extension of a currently approved information collection for "Farm Loan Programs Account Servicing Policies" used in support of the Farm Service Agency, Farm Loan Programs. This renewal does not involve any revisions to the program regulations.
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68 Fed. Reg. 50743 (August 22, 2003) (notice). This notice announces the intention of the Farm Service Agency to request an extension of approval for the information collection used in support of the Certified State Mediation Program under title 7 of the Code of Federal Regulations part 785. The collection of information is used by Farm Service Agency to determine whether a State meets the eligibility criteria to be a recipient of grant funds, and to determine if the grant is being administered appropriately. Lack of adequate information to make these determinations could result in the improper administration and appropriation of Federal grant funds.
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68 Fed. Reg. 50479 (August 21, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 1910, 1941, and 1965). This rule proposes to amend the Farm Service Agency's regulations governing real estate and chattel appraisals. In the loan making process, the rule proposes to allow Farm Service Agency to obtain appraisals after loan funds become available and the applicant is determined eligible. Also, the rule proposes to increase the dollar threshold that determines when a real estate appraisal is required. In loan servicing, the rule proposes to raise the dollar threshold for real estate appraisals in partial release situations, and allow the Farm Service Agency to release real estate security without appraising the retained real estate in some cases.
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68 Fed. Reg. 49723 (August 19, 2003) (proposed rule) (to be codified at 7 C.F.R. Part 762). This action proposes to revise the regulations governing the Farm Service Agency guaranteed farm loan program. This rule proposes to allow guaranteed loans to be rescheduled with a balloon payment under certain circumstances. Proposed also are provisions to allow low-risk subordinations to be approved by the appropriate Agency personnel at the field level rather than the National Office, allow lenders to make debt installment payments in accordance with lien priorities, payment due dates and cash flow projections, correct a wording error, clarify that packager and consultant fees for servicing of guaranteed loans are not covered by the guarantee, and clarify the amount a lender can bid at a foreclosure sale.
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68 Fed. Reg. 47017 (August 7, 2003) (notice). This notice announces the Farm Service Agency's intent to release the Social Security Numbers of Georgia tobacco farmers who received 2003 Federal Tobacco Payment Program payments to the State of Georgia and instructs interested parties how to opt out of the release. Social Security Numbers will enable Georgia to distribute an identical sum of State funds to each Georgia farmer who received a payment.
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68 Fed. Reg. 44521 (July 29, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the extension and revision of a currently approved information collection used in support of the Farm Loan Programs. The collection of information from Farm Loan Program applicants and commercial lenders is used to determine eligibility; financial feasibility and security positions when the applicant applies for direct loan assistance.
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68 Fed. Reg. 42675 (July 18, 2003) (notice). This notice announces the intent of Farm Service Agency to request an extension of currently approved information collections used in support of Farm Service Agency's Emergency Loan Program.
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68 Fed. Reg. 38285 (June 27, 2003) (notice). This notice announces that the Farm Service Agency is seeking comments from all interested individuals and entities on an extension of a currently approved collection. Specifically, comments are sought about FSA-237, which serves as a verification of producer's original signature and their desire to conduct business with FSA electronically.
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68 Fed. Reg. 37795 (June 25, 2003) (notice). This notice announces the Farm Service Agency's intention to request an extension for a currently approved information collection in support of 7 CFR, Part 1951, subpart F, "Analyzing Credit Needs and Graduation of Borrowers."
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68 Fed. Reg. 35321 (June 13, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 1951 and 4284). The Rural Business-Cooperative Service proposes to implement new regulations for value-added producer grants and a new demonstration program whereby agriculture innovation centers provide technical and other assistance to agricultural producers to help them establish businesses that produce and sell value-added agricultural commodities or products.
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68 Fed. Reg. 33469 (June 4, 2003) (notice). This notice announces the intention of the Farm Service Agency to request an extension for a currently approved information collection in support of compliance with the National Environmental Policy Act and other applicable environmental requirements.
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68 Fed. Reg. 33090 (June 3, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the reinstatement with revision of a previously approved information collection associated with two forms that are used in administering the tobacco marketing quota program.
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68 Fed. Reg. 25562 (May 13, 2003) (notice). In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency is seeking comments from all interested individuals and organizations on the extension of a currently approved information collection in support of the Secretarial disaster designation process. The information collection is needed to identify disaster areas and establish eligible Farm Service Agency counties for the purpose of making emergency loans available to eligible and qualified farmers and ranchers.
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68 Fed. Reg. 25317 (May 12, 2003) (notice). In accordance with the Paperwork Reduction Act of 1995, this notice announces that the Farm Service Agency intends to request an extension for a currently approved information collection in support of the Agricultural Foreign Investment Disclosure Act of 1978.
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68 Fed. Reg. 17769 (April 11, 2003) (notice). This notice that in accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency intends to request an extension and revision for the Highly Erodible Land Conservation and Wetland Conservation certification requirements. This information is collected in support of the conservation provisions of Title XII of the Food Security Act of 1985, as amended by the Food, Agriculture, Conservation, and Trade Act of 1990 and the Federal Agriculture, Improvement and Reform Act of 1996.
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68 Fed. Reg. 17320 (April 9, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 772, 1901, and 1951). This rule proposes to consolidate, clarify and revise the servicing regulations for the Minor Programs currently administered by the Farm Service Agency, Farm Loan Programs. Minor Program loans involve existing loans only since there is no longer funding for new loans in these programs. FSA Minor Programs consist of the following loan types: Grazing Association loans and Irrigation and Drainage Association loans previously administered by the U.S. Department of Agriculture's Rural Development mission area, and Non-Farm enterprise and Recreation Loans made to individuals which have previously been administered by FSA. Recreation loans to associations will continue to be serviced by Rural Development.
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68 Fed. Reg. 17316 (April 9, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 762, 1941, 1943, and 1951). The Farm Service Agency proposes to amend the regulations for direct and guaranteed farm operating loans to implement the provision of the 2002 Farm Bill relating to loan eligibility for applicants with prior debt forgiveness resulting from a disaster or emergency designated by the President.
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68 Fed. Reg. 15703 (April 1, 2003) (notice). This notice announces that the USDA is exercising its discretionary authority to designate crambe and sesame seed as eligible commodities for the 2002 crop year for the Direct and Counter Cyclical Program and for Marketing Assistance Loans and Loan Deficiency Payments from the Commodity Credit Corporation (CCC). The intended effect of this notice is to inform the public of the USDA decision designating crambe and sesame seed as eligible oilseeds.
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68 Fed. Reg. 12309 (March 14, 2003) (proposed rule) (to be codified at 7 C.F.R. Part 770). This rule proposes to clarify and revise the Indian Tribal Land Acquisition Program regulations for borrowers who apply for a rental value write-down. The rule proposes to change the method for determining the rental value of security for purposes of a write- down, adds a definition of ``rental value,'' clarifies other write-down eligibility provisions, and limits new loan eligibility for borrowers who have received a write-down in the past.
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68 Fed. Reg. 7693 (February 18, 2003) (final rule) (to be codified at 7 CFR Parts 762, 764, 774, 1910, 1924, 1941, 1943, 1951, 1955, 1956, 1962, and 1965). This final rule amends the Farm Service Agency's regulations to comply with provisions of the Farm Security and Rural Investment Act of 2002. This rule also clarifies direct loan eligibility criteria in accordance with the Department of Agriculture Reorganization Act of 1994. This rule amends the regulations that govern the direct and guaranteed farm loan programs of FSA by revising eligible loan purposes, percentage of loan guarantees, terms for downpayment loans, the direct loan ``term limit'' and numerous other provisions affecting loan making, servicing and collections.
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68 Fed. Reg. 1170 (January 9, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 1951, 1962, 1965). The Farm Service Agency is proposing to amend its regulations to eliminate the 30-day past-due period prior to a determination that a borrower is delinquent and clarify the use of the terms ``delinquent'' and ``past due'' with regard to direct loan servicing and offset. Because the regulation only allows debt writedown after a borrower becomes delinquent, this proposed change would allow Farm Loan Program borrowers to receive debt writedown on the day after a missed payment, assuming all other primary loan servicing criteria are met, instead of waiting 31 days.
View this proposed rule: |
68 Fed. Reg. 69954 (December 16, 2003) (final rule) (to be codified at 7 C.F.R. Part 1951). This document corrects a final rule published September 25, 2003, which provided disaster set-aside more quickly to those who can most benefit from the program. This document is necessary to correct an editorial mistake relating to the amount which may be set aside.
View this final rule: |
68 Fed. Reg. 69948 (December 16, 2003) (final rule) (to be codified at 7 C.F.R. Parts 772, 1901, and 1951). This rule consolidates, clarifies and revises the servicing regulations for the Minor Programs currently administered by the Farm Service Agency, Farm Loan Programs. Minor Program loans involve existing loans only since there is no longer funding for new loans in these programs.
View this final rule: |
68 Fed. Reg. 65871 (November 24, 2003) (notice). This notice announces the request for an extension for a currently approved information collection in support of the Real Estate Title Clearance and Loan Closing regulation.
View this notice: |
68 Fed. Reg. 62221 (November 3, 2003) (final rule) (to be codified at 7 C.F.R. Parts 762 and 764). This rule amends the Farm Service Agency's regulations for direct and guaranteed loan making requirements by revising loan eligibility requirements to conform with provisions of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. In addition, it amends the direct and guaranteed loan program regulations to implement statutory provisions of the Consolidated Farm and Rural Development Act.
View this final rule: |
68 Fed. Reg. 61734 (October 30, 2003) (final rule) (to be codified at 7 C.F.R. Part 1910). This final rule makes corrections to the regulations implementing Low-Documentation Operating Loan, commonly referred to as "Lo-Doc."
View this final rule: |
68 Fed. Reg. 61329 (October 28, 2003) (final rule) (to be codified at 7 CFR Parts 1902, 1930, 1942, 1944, 1948, 1951, 1955, 1956, 1962, 1965, 1980, and 2045). The Farm Service Agency, Rural Business-Cooperative Service, Rural Housing Service, and the Rural Utilities Service is revising its internal loan payment and collections regulations to replace the current regulations. This action is necessary since existing regulations are obsolete and do not accurately reflect the current payment and collections methodologies employed by the Agencies. The intended effect is to simplify and update the regulations; update internal control procedures for safeguarding collections; remove references to the Concentration Banking System procedures which were eliminated in November 1997; and to add procedures for new electronic payment methods that are currently in use by the Agencies. These amended regulations are to ensure the Agencies' field offices have current guidance on the payment and collection methods available and how to use them.
View this final rule: |
68 Fed. Reg. 55299 (September 25, 2003) (final rule) (to be codified at 7 C.F.R. Part 1951). The Farm Service Agency is amending its regulations for the Disaster Set-Aside program to provide a disaster set-aside more quickly to those who can most benefit from the program. The changes also will reduce the Government's risk associated with the delay in debt collection by adding security requirements.
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68 Fed. Reg. 54200 (September 16, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the extension and revision of currently approved information used in support of the guaranteed Farm Loan Programs. The collection of information is intended to reduce paperwork burden on program participants and agency employees, make assistance available to more farmers, reduce the costs of the program, and enhance the fiscal integrity of the program.
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68 Fed. Reg. 53103 (September 9, 2003) (notice). This notice announces an official media system for all public notification of important amendments, notices, actions, issues, and activities regarding the United States Warehouse Act. This warehouse information will include the suspension or revocation of warehouse licenses, fees, draft, and final documents and other pertinent information that is of public interest.
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68 Fed. Reg. 52557 (September 4, 2003) (notice). This notice announces the availability of funding to implement the Beginning Farmer and Rancher Land Contract Guarantee Pilot Program as required by the Consolidated Farm and Rural Development Act, which directs the Secretary to establish a pilot program to provide guarantees of loans made by private sellers of a farm or ranch on a contract land sale basis to qualified beginning farmers or ranchers. This notice describes the eligibility and application requirements for the pilot program and the criteria that the Farm Service Agency will consider in evaluating requests for guarantees under the program. The notice also describes actions that Farm Service Agency will take if a buyer fails to pay on the contract.
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68 Fed. Reg. 50744 (August 22, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and organizations on the collection of information for a Minority Farm Register, which is a voluntary register of minority farm or ranch operators, landowners, tenants and others with farming or reaching interest. The Minority Farm register will provide a listing to be used by USDA's Office of Outreach and other minority outreach organizations to better serve minority farmers and help abate the decline of minority farmers throughout the country.
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68 Fed. Reg. 50744 (August 22, 2003) (notice). This notice announces the intent of the Farm Service Agency to request an extension of a currently approved information collection for "Farm Loan Programs Account Servicing Policies" used in support of the Farm Service Agency, Farm Loan Programs. This renewal does not involve any revisions to the program regulations.
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68 Fed. Reg. 50743 (August 22, 2003) (notice). This notice announces the intention of the Farm Service Agency to request an extension of approval for the information collection used in support of the Certified State Mediation Program under title 7 of the Code of Federal Regulations part 785. The collection of information is used by Farm Service Agency to determine whether a State meets the eligibility criteria to be a recipient of grant funds, and to determine if the grant is being administered appropriately. Lack of adequate information to make these determinations could result in the improper administration and appropriation of Federal grant funds.
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68 Fed. Reg. 50479 (August 21, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 1910, 1941, and 1965). This rule proposes to amend the Farm Service Agency's regulations governing real estate and chattel appraisals. In the loan making process, the rule proposes to allow Farm Service Agency to obtain appraisals after loan funds become available and the applicant is determined eligible. Also, the rule proposes to increase the dollar threshold that determines when a real estate appraisal is required. In loan servicing, the rule proposes to raise the dollar threshold for real estate appraisals in partial release situations, and allow the Farm Service Agency to release real estate security without appraising the retained real estate in some cases.
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68 Fed. Reg. 49723 (August 19, 2003) (proposed rule) (to be codified at 7 C.F.R. Part 762). This action proposes to revise the regulations governing the Farm Service Agency guaranteed farm loan program. This rule proposes to allow guaranteed loans to be rescheduled with a balloon payment under certain circumstances. Proposed also are provisions to allow low-risk subordinations to be approved by the appropriate Agency personnel at the field level rather than the National Office, allow lenders to make debt installment payments in accordance with lien priorities, payment due dates and cash flow projections, correct a wording error, clarify that packager and consultant fees for servicing of guaranteed loans are not covered by the guarantee, and clarify the amount a lender can bid at a foreclosure sale.
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68 Fed. Reg. 47017 (August 7, 2003) (notice). This notice announces the Farm Service Agency's intent to release the Social Security Numbers of Georgia tobacco farmers who received 2003 Federal Tobacco Payment Program payments to the State of Georgia and instructs interested parties how to opt out of the release. Social Security Numbers will enable Georgia to distribute an identical sum of State funds to each Georgia farmer who received a payment.
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68 Fed. Reg. 44521 (July 29, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the extension and revision of a currently approved information collection used in support of the Farm Loan Programs. The collection of information from Farm Loan Program applicants and commercial lenders is used to determine eligibility; financial feasibility and security positions when the applicant applies for direct loan assistance.
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68 Fed. Reg. 42675 (July 18, 2003) (notice). This notice announces the intent of Farm Service Agency to request an extension of currently approved information collections used in support of Farm Service Agency's Emergency Loan Program.
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68 Fed. Reg. 38285 (June 27, 2003) (notice). This notice announces that the Farm Service Agency is seeking comments from all interested individuals and entities on an extension of a currently approved collection. Specifically, comments are sought about FSA-237, which serves as a verification of producer's original signature and their desire to conduct business with FSA electronically.
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68 Fed. Reg. 37795 (June 25, 2003) (notice). This notice announces the Farm Service Agency's intention to request an extension for a currently approved information collection in support of 7 CFR, Part 1951, subpart F, "Analyzing Credit Needs and Graduation of Borrowers."
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68 Fed. Reg. 35321 (June 13, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 1951 and 4284). The Rural Business-Cooperative Service proposes to implement new regulations for value-added producer grants and a new demonstration program whereby agriculture innovation centers provide technical and other assistance to agricultural producers to help them establish businesses that produce and sell value-added agricultural commodities or products.
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68 Fed. Reg. 33469 (June 4, 2003) (notice). This notice announces the intention of the Farm Service Agency to request an extension for a currently approved information collection in support of compliance with the National Environmental Policy Act and other applicable environmental requirements.
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68 Fed. Reg. 33090 (June 3, 2003) (notice). The Farm Service Agency is seeking comments from all interested individuals and entities on the reinstatement with revision of a previously approved information collection associated with two forms that are used in administering the tobacco marketing quota program.
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68 Fed. Reg. 25562 (May 13, 2003) (notice). In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency is seeking comments from all interested individuals and organizations on the extension of a currently approved information collection in support of the Secretarial disaster designation process. The information collection is needed to identify disaster areas and establish eligible Farm Service Agency counties for the purpose of making emergency loans available to eligible and qualified farmers and ranchers.
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68 Fed. Reg. 25317 (May 12, 2003) (notice). In accordance with the Paperwork Reduction Act of 1995, this notice announces that the Farm Service Agency intends to request an extension for a currently approved information collection in support of the Agricultural Foreign Investment Disclosure Act of 1978.
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68 Fed. Reg. 17769 (April 11, 2003) (notice). This notice that in accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency intends to request an extension and revision for the Highly Erodible Land Conservation and Wetland Conservation certification requirements. This information is collected in support of the conservation provisions of Title XII of the Food Security Act of 1985, as amended by the Food, Agriculture, Conservation, and Trade Act of 1990 and the Federal Agriculture, Improvement and Reform Act of 1996.
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68 Fed. Reg. 17320 (April 9, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 772, 1901, and 1951). This rule proposes to consolidate, clarify and revise the servicing regulations for the Minor Programs currently administered by the Farm Service Agency, Farm Loan Programs. Minor Program loans involve existing loans only since there is no longer funding for new loans in these programs. FSA Minor Programs consist of the following loan types: Grazing Association loans and Irrigation and Drainage Association loans previously administered by the U.S. Department of Agriculture's Rural Development mission area, and Non-Farm enterprise and Recreation Loans made to individuals which have previously been administered by FSA. Recreation loans to associations will continue to be serviced by Rural Development.
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68 Fed. Reg. 17316 (April 9, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 762, 1941, 1943, and 1951). The Farm Service Agency proposes to amend the regulations for direct and guaranteed farm operating loans to implement the provision of the 2002 Farm Bill relating to loan eligibility for applicants with prior debt forgiveness resulting from a disaster or emergency designated by the President.
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68 Fed. Reg. 15703 (April 1, 2003) (notice). This notice announces that the USDA is exercising its discretionary authority to designate crambe and sesame seed as eligible commodities for the 2002 crop year for the Direct and Counter Cyclical Program and for Marketing Assistance Loans and Loan Deficiency Payments from the Commodity Credit Corporation (CCC). The intended effect of this notice is to inform the public of the USDA decision designating crambe and sesame seed as eligible oilseeds.
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68 Fed. Reg. 12309 (March 14, 2003) (proposed rule) (to be codified at 7 C.F.R. Part 770). This rule proposes to clarify and revise the Indian Tribal Land Acquisition Program regulations for borrowers who apply for a rental value write-down. The rule proposes to change the method for determining the rental value of security for purposes of a write- down, adds a definition of ``rental value,'' clarifies other write-down eligibility provisions, and limits new loan eligibility for borrowers who have received a write-down in the past.
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68 Fed. Reg. 7693 (February 18, 2003) (final rule) (to be codified at 7 CFR Parts 762, 764, 774, 1910, 1924, 1941, 1943, 1951, 1955, 1956, 1962, and 1965). This final rule amends the Farm Service Agency's regulations to comply with provisions of the Farm Security and Rural Investment Act of 2002. This rule also clarifies direct loan eligibility criteria in accordance with the Department of Agriculture Reorganization Act of 1994. This rule amends the regulations that govern the direct and guaranteed farm loan programs of FSA by revising eligible loan purposes, percentage of loan guarantees, terms for downpayment loans, the direct loan ``term limit'' and numerous other provisions affecting loan making, servicing and collections.
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68 Fed. Reg. 1170 (January 9, 2003) (proposed rule) (to be codified at 7 C.F.R. Parts 1951, 1962, 1965). The Farm Service Agency is proposing to amend its regulations to eliminate the 30-day past-due period prior to a determination that a borrower is delinquent and clarify the use of the terms ``delinquent'' and ``past due'' with regard to direct loan servicing and offset. Because the regulation only allows debt writedown after a borrower becomes delinquent, this proposed change would allow Farm Loan Program borrowers to receive debt writedown on the day after a missed payment, assuming all other primary loan servicing criteria are met, instead of waiting 31 days.
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67 Fed. Reg. 78128 (December 23, 2002) (final rule) (to be codified at 7 C.F.R. Parts 1980 and 4279). This final rule establishes that the Rural Business-Cooperative Service has revised its regulations to amend the definition of rural area. This action is taken to comply with the amendment to section 343(a) of the Consolidated Farm and Rural Development Act. The intended effect of this action is to implement the revised definition of rural area for the Business and Industry Guaranteed and Direct Loan Programs mandated by the Farm Security and Rural Investment Act of 2002.
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67 Fed. Reg. 75844 (December 10, 2002) (notice). In a notice published in the Federal Register on May 15, 2002, the Farm Service Agency invited comments from the public about whether the biologically-engineered, low-nicotine Burley Tobacco type 31-V and related tobaccos should be considered quota or non-quota tobacco. The preponderance of public comments supported these tobaccos being considered non-quota for the 2003 and subsequent crop years. This notice announces that there will be no change to the FSA regulations to include these tobaccos among those which are subject to marketing quota regulations.
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67 Fed. Reg. 71797 (December 3, 2002) (final rule) (to be codified at 7 C.F.R. Part 718). This final rule establishes that the Farm Service Agency is amending its regulations to revise the provisions governing how densely a producer's acreage must be planted in order for the full acre to be considered planted for program purposes in the Non-insured Crop Disaster Assistance Program and other programs. Under the revised rule the amount of a field considered planted will be limited to certain specified widths beyond the actual planted rows, which will allow for a more uniform determination of acreage.
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67 Fed. Reg. 70577 (November 25, 2002) (notice). This notice announces that the Farm Service Agency is seeking comments from all interested individuals and organizations on the extension of currently approved information collection that supports the Horse Breeder Loan program. This program is to provide loans to the horse breeders who have suffered economic losses resulting from Mare Reproductive Loss Syndrome.
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67 Fed. Reg. 69670 (November 19, 2002) (final rule) (to be codified at 7 C.F.R. Parts 1951 and 3550). This final rule explains the procedures used by certain Rural Development Agencies and the Farm Service Agency, Farm Loan Programs to refer accounts to the Department of the Treasury for administrative offset and cross-servicing as required by the Debt Collection Improvement Act, and by the Treasury Department's rules regarding the Federal Claims Collection Standards concerning administrative offset, cross-servicing procedures, and Treasury Offset of Internal Revenue Service tax refund payments.
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67 Fed. Reg. 66308 (October 31, 2002) (final rule) (to be codified at 7 C.F.R. Part 1944). This final rule establishes that the Rural Housing Service is amending its regulations for the Farm Labor Housing program. The Housing Act of 1949 authorizes the RHS to provide financial assistance to private and public nonprofit agencies to encourage the development of domestic and migrant farm labor housing.
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67 Fed. Reg. 66304 (October 31, 2002) (final rule) (to be codified at 7 C.F.R. Part 718). This rule implements provisions of section 1613 of the Farm Security and Rural Investment Act of 2002 relating to relief to participants in certain cases for certain Farm Service Agency and Commodity Credit Corporation programs. The relief applies to cases where the applicant for relief took action to the applicant's detriment based on bad information from departmental officials. Also, it covers where the applicant simply, but in good faith, failed to fully comply with program requirements. The rule also addresses changes in the so-called ``90-day finality rule'' that applies to some of the same programs. The rule is intended to implement a statutory requirement that the Agencies provide relief to producers who took action to their detriment based on bad information from officials.
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67 Fed. Reg. 63375 (October 11, 2002) (notice). This notice announces that the Secretary of Agriculture intends to renew the charter of the Advisory Committee on Beginning Farmers and Ranchers. This committee provides advice to the Secretary on ways to encourage Federal and State beginning farmer programs to provide joint financing to beginning farmers and ranchers, and other methods of creating new farming and ranching opportunities.
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67 Fed. Reg. 63070 (October 10, 2002) (notice). This notice announces that $752 million is available to implement the 2002 Livestock Compensation Program. Livestock feed supplies and grazing availability have been significantly reduced due to the extreme drought that has occurred throughout much of the United States during 2001 and 2002. Complete eligibility criteria and application procedures are provided in this notice.
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67 Fed. Reg. 62871 (October 9, 2002) (final rule) (to be codified at 7 C.F.R. Parts 723 and 729). This rule announces that two actions are being taking to reflect new law enacted in the Farm Security and Rural Investment Act of 2002 . First, rules for the now terminated (as to 2002 and subsequent crops) marketing quota program for peanuts are removed. Second, the ``reserve stock level'' for flue-cured tobacco (used to set quotas) is changed.
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67 Fed. Reg. 60637 (September 26, 2002) (notice). This notice announces a correction to the Notice of Funds Availability published Friday July 5, 2002, for the Horse Breeder Loan Program. The loss calculation formula in the NOFA incorrectly calculated losses other than foal losses by inadvertently penalizing horse breeders who generated income from foal loss.
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67 Fed. Reg. 59770 (September 24, 2002) (final rule) (to be codified at 7 C.F.R. Part 771). This final rule is intended to finalize provisions of the interim regulations that implemented the Boll Weevil Eradication Loan Program.
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67 Fed. Reg. 57309 (September 10, 2002) (final rule) (to be codified at 7 C.F.R. Part 1946). This final rule establishes that the Farm Service Agency is amending its agricultural loan mediation regulations to implement the requirements of the Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 and the United States Grain Standards Act of 2000. This final rule also moves the mediation provisions, as amended, from the Rural Development chapter of title 7 of the Code of Federal Regulations to the Farm Service Agency chapter of the same title.
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67 Fed. Reg. 50777 (August 5, 2002) (final rule) (to be codified at 7 C.F.R. Part 735 through 742). This final rule revises the regulations administering the United States Warehouse Act to implement the provisions of the Grain Standards and Warehouse Improvement Act of 2000. The Grain Standards and Warehouse Improvement Act of 2000 updates Federal warehouse licensing operations, authorizes electronic warehouse receipts for all commodities, and authorizes the Secretary of Agriculture to establish regulations for voluntary systems for other electronic documents related to sales and transfers of agricultural products.
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67 Fed. Reg. 49879 (August 1, 2002) (proposed rule) (to be codified at 7 C.F.R. Part 701). This proposed rule is intended to revise the regulations for the Agricultural Conservation Program, the Forestry Incentives Program, and the regulations for the Emergency Conservation Program.
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67 Fed. Reg. 45449 (July 9, 2002) (notice). This notice announces that the Farm Service Agency is seeking comments from all interested individuals and organizations on the extension of a currently approved information collection associated with the Tobacco Marketing Quota Referendum Ballot. This information collection is necessary for tobacco farmers and other eligible persons to vote on favoring or opposing the marketing quotas for any kind of tobacco.
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67 Fed. Reg. 45449 (July 9, 2002) (notice). This notice announces the intention of the Farm Service Agency and the Commodity Credit Corporation to request a reinstatement for an information collection previously approved in support of the Farm Service Agency and Commodity Credit Corporation Debt Settlement Policies and Procedures regulations.
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67 Fed. Reg. 44799 (July 5, 2002) (notice). This notice announces the availability of funding to implement the Horse Breeder Loan Program as required by section 759 of the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2002 (Pub. L. 107-76), which was enacted November 28, 2001. The Act directed the Secretary to implement a temporary low-interest loan program to assist horse breeders suffering economic loss as a result of mare reproductive loss syndrome (MRLS).
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67 Fed. Reg. 44015 (July 1, 2002) (final rule) (to be codified at 7 C.F.R. Part 762). This rule revises the regulations governing the Farm Service Agency's guaranteed farm loan programs. It adds a provision stating that any amounts paid by the Farm Service Agency on account of the liabilities of the guaranteed loan borrower will constitute a Federal debt owing to Farm Service Agency by the guaranteed loan borrower.
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67 Fed. Reg. 41, 311 (June 18, 2002) (final rule) (to be codified at 7 C.F.R. Part 761). This final rule amends the Farm Service Agency's regulations by providing that the specific dollar amount of guaranteed loan limits will be increased annually based on an annual index of prices paid by farmers. This rule becomes effective on July 18, 2002.
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67 Fed. Reg. 41,310 (June 18, 2002) (final rule) (to be codified at 7 C.F.R. Part 723). This final rule amends regulations that govern tobacco quotas and allotments to allow the transfer by sale of a flue-cured quota in either Georgia or Florida to another farm, for production on that farm, in another county in that State. This rule implements the results of a referendum by Georgia and Florida flue-cured tobacco producers. This final rule became effective on June 18, 2002.
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67 Fed. Reg. 13,707 (Mar. 26, 2002) (final rule) (to be codified at 7 C.F.R. pt. 784). This final rule implements the Lamb Meat Adjustment Assistance Program (LMAAP). The rule is effective Mar. 21, 2002.
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67 Fed. Reg. 13,249 (Mar. 22, 2002) (final rule) (to be codified at 7 C.F.R. pts. 400 and 780). This final rule establishes the procedures for the appeal of adverse decisions made by the Risk Management Agency (RMA) to the National Appeals Division (NAD). It includes amendments to the FCIC and FSA informal appeal regulations to reflect the establishment of the RMA and the reorganization of crop insurance functions. It also incorporates limitations regarding the appealability of good farming practice determinations as mandated by the Agricultural Risk Protection Act of 2000. The rule is effective Apr. 22, 2002.
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67 Fed. Reg. 7942 (Feb. 21, 2002) (to be codified at 7 C.F.R. pt. 1951). This rule amends the regulations governing recapture under Shared Appreciation Agreements (SAAs). It reduces the amortization rate on SAA recapture obligations to the current Homestead Protection Program interest rate less 100 basis points (one percent) pursuant to a statutory mandate. The amortization rate on all recapture obligations in existence as of October 28, 2000, will be similarly reduced.
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CORRECTION: A technical correction to this final rule was published at 67 Fed. Reg. 12,458 (Mar. 19, 2002). This correction is effective Mar. 20, 2002.
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67 Fed. Reg. 791 (Jan. 8, 2002) (to be codified at 7 C.F.R. pt. 764, 1945). This final rule amends the regulations governing the FSA Emergency Farm Loan Program. It eliminates the Emergency Loan Program regulations at 7 C.F.R. pt.1945 and replaces them with new regulations found at 7 C.F.R. pt. 764. Under the new regulations, the application process is simplified, and several changes are made to make loans more easily available to farmers experiencing losses. In particular, the new regulation changes the treatment and calculation of livestock losses. This rule was effective as of February 7, 2002.
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CORRECTION: Technical corrections to this final rule are published at 67 Fed. Reg. 7941 (Feb. 21, 2002).
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